On Thursday, the euro-dollar pair hovered above a seven-week low after Federal Reserve Chairman Jerome Powell stressed he would not cut interest rates in early March。Fed resolution maintains target range for federal funds rate at 5.25% -5.50%, unchanged for four consecutive times, in line with market expectations。

Powell noted that decisions will be made on a per-meeting basis and that the March rate cut "is not a benchmark scenario."。

However, the Fed removed the reference to further rate hikes in its statement, while noting that the risks of meeting employment and inflation targets are more balanced。

U.S. BOND YIELDS FALL, BOND MARKET GAINS AS NEW YORK COMMUNITY BANK SURPRISE LOSSES。

Meanwhile, eurozone inflation data for January showed annual inflation falling to 2..8%, consistent with the market。Core CPI continues to fall to 3.3%, the lowest level since March 2022。

Euro area energy prices down 6 year-on-year.3%。Eurostat report shows food, alcohol, tobacco price increases slowed to 5% last month.7% (compared to 6.1%), non-energy industrial prices rose by 2% (2% in the same period last year..5%)。

EUR / USD currency pair down 0 as of Thursday 10: 01 GMT.18%, reported 1.0798。at one point fell to 1 in trading.0780, the lowest level since December 13, 2013。

The euro lost 1 percent of its value against the dollar in January..99%, the worst performance since September 2023。